Federated Hermes Inc. Has $515,000 Stock Holdings in OneMain Holdings, Inc. (NYSE:OMF)

Federated Hermes Inc. lifted its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 101.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,476 shares of the financial services provider’s stock after purchasing an additional 5,286 shares during the quarter. Federated Hermes Inc.’s holdings in OneMain were worth $515,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Quantbot Technologies LP acquired a new position in OneMain during the third quarter worth $26,000. Blue Trust Inc. raised its stake in shares of OneMain by 49.9% in the 4th quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 243 shares in the last quarter. Operose Advisors LLC acquired a new stake in OneMain in the 3rd quarter worth approximately $40,000. Allworth Financial LP lifted its holdings in OneMain by 368.4% in the 3rd quarter. Allworth Financial LP now owns 1,068 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 840 shares during the last quarter. Finally, ZRC Wealth Management LLC bought a new stake in OneMain during the fourth quarter worth approximately $45,000. Institutional investors own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

OMF has been the topic of a number of recent analyst reports. TD Cowen lifted their price target on shares of OneMain from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday. Citigroup lowered their price target on OneMain from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Stephens cut their price objective on OneMain from $61.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday, February 8th. JMP Securities raised their target price on OneMain from $57.00 to $62.00 and gave the company a “market outperform” rating in a report on Wednesday. Finally, Northland Securities lowered OneMain from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $46.00 to $49.00 in a report on Wednesday, January 17th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.62.

OneMain Trading Up 0.8 %

OMF opened at $51.20 on Friday. The stock has a market cap of $6.14 billion, a PE ratio of 9.98, a P/E/G ratio of 0.71 and a beta of 1.63. OneMain Holdings, Inc. has a 1 year low of $33.67 and a 1 year high of $53.65. The stock’s 50 day simple moving average is $49.05 and its 200-day simple moving average is $45.71.

OneMain (NYSE:OMF) last announced its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.07. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $907.93 million. OneMain had a net margin of 13.29% and a return on equity of 20.94%. During the same quarter in the previous year, the firm posted $1.46 EPS. Equities analysts forecast that OneMain Holdings, Inc. will post 5.65 earnings per share for the current fiscal year.

OneMain Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be paid a dividend of $1.04 per share. This is a boost from OneMain’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $4.16 dividend on an annualized basis and a yield of 8.13%. OneMain’s dividend payout ratio (DPR) is currently 77.97%.

OneMain Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.